A new method for calculating the monthly financial aggregates published by the Reserve Bank of Australia “are likely to result in revisions, some of which may be significant,” the RBA said on Friday. read more

RBNZ governor Adrian Orr, watching interest rates continue to fall, says a negative official cash rate would be more effective at boosting the economy than the RBNZ creating money to buy bonds or other assets. read more

The Australian Banking Association is preparing to push back against ASIC’s plan to make responsible lending guidelines more prescriptive, and will argue for the maintenance of the principles-based approach when the regulator holds public hearings on the issue over the next two weeks. read more

Westpac has been hit with a $1.5 million fine for failing to meet data reporting obligations. The Australian Prudential Regulation Authority said the bank and two of its registered financial corporations were up to 37 days late supplying data to the regulator. read more

APRA chair Wayne Byres has a message for bankers complaining about the growing burden of regulation: come up with some self-regulatory initiatives as an alternative way of achieving better outcomes. read more